"ESMA’s finalized guidelines follow the launch by the regulator of a consultation on proposed guidance in November 2022. In the initial proposal, ESMA introduced a threshold of the minimum proportion of investments required to support an ESG-related fund name, including an 80% threshold for the use of ESG-related words, and a 50% threshold for the use of “sustainable” or any sustainability-related term."

Link: https://www.esgtoday.com/eu-issues-new-rules-for-funds-using-esg-or-sustainability-names-to-address-greenwashing-risk/